Cathay Pacific says it’s ‘very happy’ with its Boeing fleet, despite recent 737 Max crash

U.S. plane manufacturer Boeing has been mired in controversy since its 737 Max 8 operated by Ethiopian Airlines crashed minutes after takeoff on Sunday, killing all 157 people on board. Despite recent safety concerns surrounding the 737 Max 8, Cathay Pacific’s CEO said Thursday he was “very happy” with the Hong Kong-based carrier’s Boeing fleet. Speaking to CNBC’s “Squawk Box Asia,” Rupert Hogg said “about 50-50” of the airline’s fleet is made up of Boeing and Airbus planes — namely, the Boeing


U.S. plane manufacturer Boeing has been mired in controversy since its 737 Max 8 operated by Ethiopian Airlines crashed minutes after takeoff on Sunday, killing all 157 people on board. Despite recent safety concerns surrounding the 737 Max 8, Cathay Pacific’s CEO said Thursday he was “very happy” with the Hong Kong-based carrier’s Boeing fleet. Speaking to CNBC’s “Squawk Box Asia,” Rupert Hogg said “about 50-50” of the airline’s fleet is made up of Boeing and Airbus planes — namely, the Boeing
Cathay Pacific says it’s ‘very happy’ with its Boeing fleet, despite recent 737 Max crash Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: shirley tay, marcio rodrigo machado, getty images
Keywords: news, cnbc, companies, cathay, crash, pacific, despite, 737, airlines, plane, recent, fleet, hogg, boeing, happy, operated, max, killing, ethiopian


Cathay Pacific says it's 'very happy' with its Boeing fleet, despite recent 737 Max crash

U.S. plane manufacturer Boeing has been mired in controversy since its 737 Max 8 operated by Ethiopian Airlines crashed minutes after takeoff on Sunday, killing all 157 people on board.

Despite recent safety concerns surrounding the 737 Max 8, Cathay Pacific’s CEO said Thursday he was “very happy” with the Hong Kong-based carrier’s Boeing fleet.

Speaking to CNBC’s “Squawk Box Asia,” Rupert Hogg said “about 50-50” of the airline’s fleet is made up of Boeing and Airbus planes — namely, the Boeing 777, Airbus A350 and A330. The airline does not fly the Boeing 737 Max.

“It is a tragedy, but we’re very happy with both sets of aircraft that we have,” Hogg said, in reference to Sunday’s deadly crash.

The fatal accident involving Ethiopian Airlines flight 302 — which killed all 149 passengers and eight crew members — comes less than five months after the same model plane operated by Indonesia’s Lion Air crashed shortly after taking off from Jakarta, killing all 189 on board.


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: shirley tay, marcio rodrigo machado, getty images
Keywords: news, cnbc, companies, cathay, crash, pacific, despite, 737, airlines, plane, recent, fleet, hogg, boeing, happy, operated, max, killing, ethiopian


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IPhone and iPad with ‘laser-powered 3-D cameras’ said to launch in 2020

Apple is planning to launch a new iPhone and a new iPad with “3-D AR cameras” next year, Bloomberg reported on Wednesday. It was also able to scan and create a 3D model of a room, but the project was ultimately shut down. In 2011, LG launched the Optimus 3D, which let users snap 3D pictures and then view them without 3D glasses on the phone’s 3D display. But the quality was low, and 3D phones never took off. The Wall Street Journal said earlier this month that Apple plans to launch three new iPh


Apple is planning to launch a new iPhone and a new iPad with “3-D AR cameras” next year, Bloomberg reported on Wednesday. It was also able to scan and create a 3D model of a room, but the project was ultimately shut down. In 2011, LG launched the Optimus 3D, which let users snap 3D pictures and then view them without 3D glasses on the phone’s 3D display. But the quality was low, and 3D phones never took off. The Wall Street Journal said earlier this month that Apple plans to launch three new iPh
IPhone and iPad with ‘laser-powered 3-D cameras’ said to launch in 2020 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-30  Authors: todd haselton, marcio rodrigo machado, getty images
Keywords: news, cnbc, companies, think, world, phones, cameras, laserpowered, apple, launch, 2020, ar, iphone, room, view, ipad, tim, 3d


IPhone and iPad with 'laser-powered 3-D cameras' said to launch in 2020

Apple is planning to launch a new iPhone and a new iPad with “3-D AR cameras” next year, Bloomberg reported on Wednesday.

The report says the camera can help create a three-dimensional scan of the real world and “allow for more accurate depth perception and placement of virtual objects.”

Google once had a similar technology it called Project Tango. It was also able to scan and create a 3D model of a room, but the project was ultimately shut down.

Apple CEO Tim Cook has said that augmented reality, or AR, is an important part of the company’s future. The latest iPhones already support augmented reality apps, which allow you to drop digital items on top of the real world and view them through the iPhone. In the Ikea app, for example, you can drop a digital piece of furniture in your living room to see how it looks and if it fits in your room before you buy it.

“And with things like AR … I think it becomes even more essential than it currently is. I know it’s hard to believe, but I think that’s the case,” Tim Cook told CNBC in August 2017. But Apple hasn’t yet really shown how AR will become even more important than it already is. Reports have suggested that Apple plans to one day launch glasses with support for AR.

3D cameras have been used in phones before. In 2011, LG launched the Optimus 3D, which let users snap 3D pictures and then view them without 3D glasses on the phone’s 3D display. But the quality was low, and 3D phones never took off.

The Wall Street Journal said earlier this month that Apple plans to launch three new iPhones in September, including one with three cameras.

Apple was not immediately available to comment.

Read more on Bloomberg.

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-01-30  Authors: todd haselton, marcio rodrigo machado, getty images
Keywords: news, cnbc, companies, think, world, phones, cameras, laserpowered, apple, launch, 2020, ar, iphone, room, view, ipad, tim, 3d


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US-China trade tensions weigh on chipmakers, Apple ahead of G-20 summit

Technology companies including semiconductor giants and iPhone maker Apple have the most to lose from further U.S.-China trade tensions as world leaders gather at the Group of 20 summit later this month, according to Citigroup. Though Citi researchers’ base case is that the two economic powerhouses will reach a “preliminary understanding” on trade at the Buenos Aires meeting, the analysts also expect President Donald Trump’s administration to continue to impose more trade and investment restrict


Technology companies including semiconductor giants and iPhone maker Apple have the most to lose from further U.S.-China trade tensions as world leaders gather at the Group of 20 summit later this month, according to Citigroup. Though Citi researchers’ base case is that the two economic powerhouses will reach a “preliminary understanding” on trade at the Buenos Aires meeting, the analysts also expect President Donald Trump’s administration to continue to impose more trade and investment restrict
US-China trade tensions weigh on chipmakers, Apple ahead of G-20 summit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-27  Authors: thomas franck, marcio rodrigo machado, getty images
Keywords: news, cnbc, companies, tensions, weigh, summit, apple, semiconductor, china, end, trade, chipmakers, ahead, largest, citi, g20, total, including, semiconductors, impact, uschina


US-China trade tensions weigh on chipmakers, Apple ahead of G-20 summit

Technology companies including semiconductor giants and iPhone maker Apple have the most to lose from further U.S.-China trade tensions as world leaders gather at the Group of 20 summit later this month, according to Citigroup.

Though Citi researchers’ base case is that the two economic powerhouses will reach a “preliminary understanding” on trade at the Buenos Aires meeting, the analysts also expect President Donald Trump’s administration to continue to impose more trade and investment restrictions on China.

Specifically, Citi says it’s likely the White House will crack down on certain U.S. exports, with an extreme scenario including a ban on sales of U.S. semiconductor components to China. That could have an outsized impact since China is one of the largest end markets for U.S. semiconductors, generating about 30 percent of total revenue for the industry.

“The U.S. Department of Defense considers China a rising strategic competitor, and according to the U.S. Trade Representative, China has conducted industrial espionage and other market-distorting practices,” Citi’s Cesar Rojas and Catherine Mann wrote Tuesday. “The temporary impact on the semiconductor sector of a total ban on U.S. product to ship in to China would be devastating to the industry, as much of the largest end market products for semiconductors (PCs, cell phones, consumer electronics) are manufactured in China.”


Company: cnbc, Activity: cnbc, Date: 2018-11-27  Authors: thomas franck, marcio rodrigo machado, getty images
Keywords: news, cnbc, companies, tensions, weigh, summit, apple, semiconductor, china, end, trade, chipmakers, ahead, largest, citi, g20, total, including, semiconductors, impact, uschina


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Apple says a ‘small number’ of Chinese users had their Apple IDs stolen

Apple said Tuesday that a “small number” of Chinese users had their Apple IDs stolen and false payment transactions made through their accounts. Earlier news reports said several hundred Chinese users reported being hacked. All of the accounts were hacked through phishing scams — a common practice in which fraudsters steal information through misleading emails or links. In investigating the fraudulent transactions, Apple hasn’t found any signs of a breach in the company’s systems, according to a


Apple said Tuesday that a “small number” of Chinese users had their Apple IDs stolen and false payment transactions made through their accounts. Earlier news reports said several hundred Chinese users reported being hacked. All of the accounts were hacked through phishing scams — a common practice in which fraudsters steal information through misleading emails or links. In investigating the fraudulent transactions, Apple hasn’t found any signs of a breach in the company’s systems, according to a
Apple says a ‘small number’ of Chinese users had their Apple IDs stolen Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-16  Authors: sara salinas, marcio rodrigo machado, getty images
Keywords: news, cnbc, companies, transactions, scams, reports, hacked, number, small, apple, users, customers, ids, stolen, phishing, twofactor, chinese


Apple says a 'small number' of Chinese users had their Apple IDs stolen

Apple said Tuesday that a “small number” of Chinese users had their Apple IDs stolen and false payment transactions made through their accounts.

Earlier news reports said several hundred Chinese users reported being hacked. All of the accounts were hacked through phishing scams — a common practice in which fraudsters steal information through misleading emails or links. The affected users hadn’t enabled two-factor authentication on their accounts.

In investigating the fraudulent transactions, Apple hasn’t found any signs of a breach in the company’s systems, according to a person familiar with the review.

“We regret the inconvenience caused to our customers by these phishing scams. We are proactively identifying suspicious activities and reaching out to affected customers. We strongly advise all users to enable two-factor authentication, which prevents unauthorized access to their accounts,” Apple said in a statement.

Earlier this month Apple denied reports of a separate, large-scale hacking attempt, saying the company had found “absolutely no evidence” of alleged Chinese spy chips.


Company: cnbc, Activity: cnbc, Date: 2018-10-16  Authors: sara salinas, marcio rodrigo machado, getty images
Keywords: news, cnbc, companies, transactions, scams, reports, hacked, number, small, apple, users, customers, ids, stolen, phishing, twofactor, chinese


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Gold prices inch up as dollar eases despite trade dispute

Spot gold had climbed 0.1 percent to $1,199.18 an ounce by 0044 GMT. The dollar index, which measures the greenback against a basket of six major currencies, was down 0.1 percent. Asian stocks rose and U.S. Treasury yields hovered near four-month highs on Wednesday, as investors looked past the latest escalation in the U.S.-China trade conflict, seen by some market participants as less severe than expected. Previous developments in the U.S.-China trade conflict had prompted investors to buy the


Spot gold had climbed 0.1 percent to $1,199.18 an ounce by 0044 GMT. The dollar index, which measures the greenback against a basket of six major currencies, was down 0.1 percent. Asian stocks rose and U.S. Treasury yields hovered near four-month highs on Wednesday, as investors looked past the latest escalation in the U.S.-China trade conflict, seen by some market participants as less severe than expected. Previous developments in the U.S.-China trade conflict had prompted investors to buy the
Gold prices inch up as dollar eases despite trade dispute Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-19  Authors: michele tantussi, getty images, marcio rodrigo machado, todd haselton
Keywords: news, cnbc, companies, inch, dispute, gold, despite, deal, union, seen, dollar, uschina, united, states, prices, 01, billion, eases, trade


Gold prices inch up as dollar eases despite trade dispute

Spot gold had climbed 0.1 percent to $1,199.18 an ounce by 0044 GMT.

U.S. gold futures were up 0.1 percent at $1,203.70 an ounce.

The dollar index, which measures the greenback against a basket of six major currencies, was down 0.1 percent.

China and the United States plunged deeper into a trade war on Tuesday after Beijing added $60 billion of U.S. products to its import tariff list in retaliation for President Donald Trump’s planned levies on $200 billion worth of Chinese goods.

Asian stocks rose and U.S. Treasury yields hovered near four-month highs on Wednesday, as investors looked past the latest escalation in the U.S.-China trade conflict, seen by some market participants as less severe than expected.

Previous developments in the U.S.-China trade conflict had prompted investors to buy the U.S. dollar in the belief that the United States has less to lose from the dispute, making dollar-priced gold more expensive for non-U.S. buyers.

The U.S. Senate voted overwhelmingly on Tuesday to pass a mammoth spending package including $675 billion for the Defense Department and a measure to keep the entire federal government open until Dec. 7, a step toward avoiding a Sept. 30 shutdown.

Bond traders are increasing bets the Federal Reserve will raise U.S. short-term interest rates into 2019 as the jobs market tightens and with inflation seen climbing above its 2 percent goal.

Business and political leaders are increasing the pressure on Canadian Prime Minister Justin Trudeau to agree on a deal to renew NAFTA and drop his insistence that no deal is better than a bad deal.

The Bank of Japan is expected to keep monetary policy steady on Wednesday and maintain its optimistic view on the economy, even as escalating global trade frictions threaten to chill growth.

Prime Minister Theresa May said Britain and the European Union were nearing a divorce deal but called on the bloc to show “goodwill and determination” to avoid a disorderly Brexit and secure a close future partnership.

European Union leaders will discuss how to wind up negotiations with Britain on its withdrawal from the EU when they meet in Austria on Thursday, summit chair Donald Tusk said on Tuesday.

Holdings in SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, fell 0.04 percent to 742.23 tonnes on Tuesday.

Precious metals producer Sibanye-Stillwater said on Tuesday it remained fully committed to a takeover of platinum miner Lonmin after South Africa’s competition watchdog imposed conditions on the deal.


Company: cnbc, Activity: cnbc, Date: 2018-09-19  Authors: michele tantussi, getty images, marcio rodrigo machado, todd haselton
Keywords: news, cnbc, companies, inch, dispute, gold, despite, deal, union, seen, dollar, uschina, united, states, prices, 01, billion, eases, trade


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Ted Cruz leads Beto O’Rourke by 9 points in Senate race: Quinnipiac

Sen. Ted Cruz finally got some good news in the Texas Senate race. Cruz gets support from 54 percent of likely voters, versus 45 percent for the upstart representative, the survey shows. A Quinnipiac poll of Texas voters last month showed a 6 percentage point lead for Cruz. In Tuesday’s survey, 93 percent of likely voters said they had made up their minds. Both candidates had the support of 94 percent of likely voters in their parties, while O’Rourke held a slim lead among independents.


Sen. Ted Cruz finally got some good news in the Texas Senate race. Cruz gets support from 54 percent of likely voters, versus 45 percent for the upstart representative, the survey shows. A Quinnipiac poll of Texas voters last month showed a 6 percentage point lead for Cruz. In Tuesday’s survey, 93 percent of likely voters said they had made up their minds. Both candidates had the support of 94 percent of likely voters in their parties, while O’Rourke held a slim lead among independents.
Ted Cruz leads Beto O’Rourke by 9 points in Senate race: Quinnipiac Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-18  Authors: jacob pramuk, justin sullivan, getty images, marcio rodrigo machado, oliver contreras, bloomberg, jason lee
Keywords: news, cnbc, companies, quinnipiac, points, texas, likely, cruz, orourke, beto, race, survey, leads, support, voters, showed, senate, ted


Ted Cruz leads Beto O'Rourke by 9 points in Senate race: Quinnipiac

Sen. Ted Cruz finally got some good news in the Texas Senate race.

The incumbent Republican holds a 9 percentage point edge over Democratic challenger Rep. Beto O’Rourke in his bid to hold on to his red-state seat, according to a Quinnipiac University poll released Tuesday. Cruz gets support from 54 percent of likely voters, versus 45 percent for the upstart representative, the survey shows.

Republicans had the sounded alarm after a series of polls showed a tighter race between Cruz and O’Rourke, a well-funded challenger who aims to become the first Democrat to represent Texas in the Senate in a quarter of a century.

An O’Rourke victory would be a major coup for the Democratic Party as it tries to navigate a brutal map this year to flip two GOP-held seats and take a majority in the upper chamber.

A Quinnipiac poll of Texas voters last month showed a 6 percentage point lead for Cruz.

In Tuesday’s survey, 93 percent of likely voters said they had made up their minds. Both candidates had the support of 94 percent of likely voters in their parties, while O’Rourke held a slim lead among independents.


Company: cnbc, Activity: cnbc, Date: 2018-09-18  Authors: jacob pramuk, justin sullivan, getty images, marcio rodrigo machado, oliver contreras, bloomberg, jason lee
Keywords: news, cnbc, companies, quinnipiac, points, texas, likely, cruz, orourke, beto, race, survey, leads, support, voters, showed, senate, ted


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Brazilian stocks could get more volatile as an ‘unpredictable’ election approaches

Investors in Brazilian stocks should buckle up for more volatility as the country’s upcoming presidential election approaches. Jair Bolsonaro, the far-right candidate leading the polls ahead of the Oct. 7 first round, was nearly stabbed to death earlier this month. The election’s uncertainty — along with a massive sell-off in emerging markets — dragged Brazilian stocks lower this year. The exchange-traded fund that tracks Brazilian shares fell into bear-market territory earlier this year. “The m


Investors in Brazilian stocks should buckle up for more volatility as the country’s upcoming presidential election approaches. Jair Bolsonaro, the far-right candidate leading the polls ahead of the Oct. 7 first round, was nearly stabbed to death earlier this month. The election’s uncertainty — along with a massive sell-off in emerging markets — dragged Brazilian stocks lower this year. The exchange-traded fund that tracks Brazilian shares fell into bear-market territory earlier this year. “The m
Brazilian stocks could get more volatile as an ‘unpredictable’ election approaches Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-18  Authors: fred imbert, jr reed, cris faga, nurphoto, getty images, marcio rodrigo machado, justin sullivan, spencer platt, todd haselton, -paulo gregoire
Keywords: news, cnbc, companies, approaches, unpredictable, volatile, social, party, stocks, election, bolsonaro, win, investors, brazilian, presidential, polls


Brazilian stocks could get more volatile as an 'unpredictable' election approaches

Investors in Brazilian stocks should buckle up for more volatility as the country’s upcoming presidential election approaches.

Jair Bolsonaro, the far-right candidate leading the polls ahead of the Oct. 7 first round, was nearly stabbed to death earlier this month. Bolsonaro got a boost in the latest polls after the stabbing but is largely expected to lose in a runoff given how polarizing a figure he is.

The election’s uncertainty — along with a massive sell-off in emerging markets — dragged Brazilian stocks lower this year. The exchange-traded fund that tracks Brazilian shares fell into bear-market territory earlier this year. The road could get even bumpier for investors in the next few weeks as the contest draws near with no clear-cut favorite to win.

“The outcome will be very important from a macro perspective because it will determine the policy path moving forward,” said Alberto Ramos, head of Latin American economics at Goldman Sachs. “The market would like to see a market-friendly candidate win, but that’s more of a dream than reality.”

Brazil’s presidential election features five candidates with a chance to win, including Bolsonaro of the Social Liberal Party, Ciro Gomes of the Democratic Labor Party, Geraldo Alckmin of the Brazilian Social Democratic Party and Fernando Haddad of the Workers’ Party, who is replacing imprisoned former President Luiz Inacio Lula da Silva.


Company: cnbc, Activity: cnbc, Date: 2018-09-18  Authors: fred imbert, jr reed, cris faga, nurphoto, getty images, marcio rodrigo machado, justin sullivan, spencer platt, todd haselton, -paulo gregoire
Keywords: news, cnbc, companies, approaches, unpredictable, volatile, social, party, stocks, election, bolsonaro, win, investors, brazilian, presidential, polls


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A leading recessionary indicator is flashing red, but investors don’t appear to care … yet

The yield curve just narrowed to its flattest level since before the financial crisis. But any worries a flatter yield curve spells the end of this bull run are premature, says one market watcher. “The yield curve is rather flat but a flat yield curve is not a message that the rally is over. The yield curve has correctly predicted each of the past seven recessions since 1968, says Tepper. The S&P 500 is 1 percent from its all-time intraday high, while the Dow needs to add 1,085 points more to ge


The yield curve just narrowed to its flattest level since before the financial crisis. But any worries a flatter yield curve spells the end of this bull run are premature, says one market watcher. “The yield curve is rather flat but a flat yield curve is not a message that the rally is over. The yield curve has correctly predicted each of the past seven recessions since 1968, says Tepper. The S&P 500 is 1 percent from its all-time intraday high, while the Dow needs to add 1,085 points more to ge
A leading recessionary indicator is flashing red, but investors don’t appear to care … yet Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-17  Authors: keris lahiff, spencer platt, getty images news, getty images, boeing company, paul weatherman, mike blake, marcio rodrigo machado, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, recessionary, indicator, flashing, leading, yield, months, red, dont, sp, care, curve, market, typically, treasurys, way, appear, investors, trading, 500


A leading recessionary indicator is flashing red, but investors don’t appear to care ... yet

The yield curve just narrowed to its flattest level since before the financial crisis.

The difference between the 2-year and 10-year yield fell to 25 basis points on Thursday, the flattest level since August 2007, two months before the S&P 500 began a steep descent to crisis lows.

But any worries a flatter yield curve spells the end of this bull run are premature, says one market watcher.

“The yield curve is rather flat but a flat yield curve is not a message that the rally is over. An inverted yield curve is and we’re just not there yet,” Mark Tepper, president of Strategic Wealth Partners, told CNBC’s “Trading Nation” on Thursday.

An inverted yield curve occurs when shorter-term Treasurys such as 2-year bonds have a higher yield than longer-term Treasurys such as the 10-year note. It is typically seen as a leading indicator of trouble with the economy and stock market.

The yield curve has correctly predicted each of the past seven recessions since 1968, says Tepper. However, a long lead time means this nine-year bull market could have more room to run yet.

“As a stand-alone indicator, it’s typically just way early, way premature. It signals the onset of a recession by an average of about 12 months too early and six months before stocks peak,” added Tepper.

On average, stocks rise another 15 to 16 percent in the 18 months after the yield curve inverts, according to Credit Suisse.

Bill Baruch, president of Blue Line Futures, sees the yield curve getting flatter but does not expect it to stand in the way of more stock gains.

“I am not bearish the equity market. I think equities will make new highs,” Baruch said Thursday on “Trading Nation.” “The S&P very soon will set off a new all-time high, and I think November and December could be very strong months into January for the market.”

The S&P 500 and Dow last set record highs in late January. The S&P 500 is 1 percent from its all-time intraday high, while the Dow needs to add 1,085 points more to get back to its own.


Company: cnbc, Activity: cnbc, Date: 2018-08-17  Authors: keris lahiff, spencer platt, getty images news, getty images, boeing company, paul weatherman, mike blake, marcio rodrigo machado, kcna, thomas barwick getty images
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Dow stock Boeing is surging, and some traders expect even more gains

Boeing shares have left the runway. “We like Boeing a lot,” Mark Tepper, president and CEO of Strategic Wealth Partners, said Thursday on CNBC’s “Trading Nation.” After Microsoft’s 49 percent gain, Boeing is the best-performing Dow stock in the past year. From a technical perspective, some traders say the stock is poised to continue rallying. Boeing shares closed 4 percent higher on Thursday, at $345.98 per share.


Boeing shares have left the runway. “We like Boeing a lot,” Mark Tepper, president and CEO of Strategic Wealth Partners, said Thursday on CNBC’s “Trading Nation.” After Microsoft’s 49 percent gain, Boeing is the best-performing Dow stock in the past year. From a technical perspective, some traders say the stock is poised to continue rallying. Boeing shares closed 4 percent higher on Thursday, at $345.98 per share.
Dow stock Boeing is surging, and some traders expect even more gains Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-17  Authors: rebecca ungarino, spencer platt, getty images news, getty images, boeing company, paul weatherman, mike blake, marcio rodrigo machado, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, line, shares, tepper, gains, dow, traders, surging, president, thats, demand, expect, boeing, trading, stock


Dow stock Boeing is surging, and some traders expect even more gains

Boeing shares have left the runway.

Shares of the aerospace giant climbed 4 percent Thursday on the heels of a bullish call from UBS, resuming a rally that’s seen the company’s stock surge 46 percent in the past year. Some traders expect even more gains.

“We like Boeing a lot,” Mark Tepper, president and CEO of Strategic Wealth Partners, said Thursday on CNBC’s “Trading Nation.”

“This is all about demand, and demand is increasing because you’ve got a lot of improvement in both passenger and freight traffic,” he said, citing strong demand for single-aisle jets and a healthy backlog.

Another boon for Boeing should be the aerospace and defense giant’s diversified revenue exposure and its prominence in the defense industry. “That’s the one area of manufacturing we feel is really insulated from a trade war, because there’s not any true global competitor,” Tepper said. “So foreign sales should remain resilient.”

After Microsoft’s 49 percent gain, Boeing is the best-performing Dow stock in the past year.

From a technical perspective, some traders say the stock is poised to continue rallying.

“There is a nice move coming off the 200-day moving average; it kissed it perfectly yesterday on the low. That also double-bottomed a couple of months back. There is some tremendous momentum right now,” Blue Line Futures President Bill Baruch said Thursday on “Trading Nation.”

“From there, if some of the fundamentals line up, and U.S. and China continue to be a tailwind, we could start to break out above that trend line. And yes, we could see a much, much stronger gain from there,” he said.

Boeing shares closed 4 percent higher on Thursday, at $345.98 per share.


Company: cnbc, Activity: cnbc, Date: 2018-08-17  Authors: rebecca ungarino, spencer platt, getty images news, getty images, boeing company, paul weatherman, mike blake, marcio rodrigo machado, kcna, thomas barwick getty images
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Trade war should ‘really concern’ Apple investors, hedge fund manager Dan Niles warns

Hedge fund manager Daniel Niles believes there’s too much optimism surrounding Apple stock. Niles, founding partner at AlphaOne Capital Partners, is worried the China trade war could hit the iPhone maker’s bottom line and shock investors who are capitalizing on its record run. Niles, who is underweight or short the stock depending on his particular portfolio, sees the impact directly affecting iPhone sales. His latest thoughts came as Apple was locking in an all-time closing high on a day when c


Hedge fund manager Daniel Niles believes there’s too much optimism surrounding Apple stock. Niles, founding partner at AlphaOne Capital Partners, is worried the China trade war could hit the iPhone maker’s bottom line and shock investors who are capitalizing on its record run. Niles, who is underweight or short the stock depending on his particular portfolio, sees the impact directly affecting iPhone sales. His latest thoughts came as Apple was locking in an all-time closing high on a day when c
Trade war should ‘really concern’ Apple investors, hedge fund manager Dan Niles warns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-16  Authors: stephanie landsman, marcio rodrigo machado, getty images, jacob w frank, scott eells, bloomberg, daniel acker, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, hedge, tariffs, going, manager, iphone, china, latest, niles, investors, dan, impact, war, really, hit, trade, fund, apple, warns


Trade war should 'really concern' Apple investors, hedge fund manager Dan Niles warns

Hedge fund manager Daniel Niles believes there’s too much optimism surrounding Apple stock.

Niles, founding partner at AlphaOne Capital Partners, is worried the China trade war could hit the iPhone maker’s bottom line and shock investors who are capitalizing on its record run.

“People are forgetting that China is 18 percent of their revenues in the most recent quarter,” he said Wednesday on CNBC’s “Trading Nation.” “China is actually driving their business. So if you think about what’s going on right now with the trade spat that we have going on with China, I mean this is something that should really concern you.”

Niles, who is underweight or short the stock depending on his particular portfolio, sees the impact directly affecting iPhone sales.

“It wouldn’t surprise us to see smartphone growth in total being affected going forward. And, if you look at Apple itself, it’s not like iPhones are growing that well,” he added.

His latest thoughts came as Apple was locking in an all-time closing high on a day when climbing global trade jitters hit the broader market.

“China is getting blasted, and a lot of the U.S. stocks are going down with it. This is the name for now that seems immune, but let’s not forget what happened to Facebook not that long ago, and that surprised people,” Niles said. “It’s something you need to pay attention to, and certainly not a name that we like.”

Apple declined to comment on Niles’ warning. The company said it had nothing to add beyond what was in its latest earnings call. On that call, Apple CEO Tim Cook said the tariffs could have “unintended consequences” for consumers and the economy. However, Cook didn’t provide details about how tariffs could directly impact Apple.

Shares of the $1 trillion tech company have soared more than 30 percent this year.


Company: cnbc, Activity: cnbc, Date: 2018-08-16  Authors: stephanie landsman, marcio rodrigo machado, getty images, jacob w frank, scott eells, bloomberg, daniel acker, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, hedge, tariffs, going, manager, iphone, china, latest, niles, investors, dan, impact, war, really, hit, trade, fund, apple, warns


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